NEW YORK (
) -- What's happening in small business today?
1. ABC's Shark Tank is looking for young entrepreneurs.
Young entrepreneurs have until the first week of August to get their submission in to be on ABC's popular series
, according to
Through an initiative with the
Young Entrepreneurs Academy (YEA)
, Shark Tank is seeking applicants ages 11 to 19 to be featured on the show. Several YEA graduates have already been interviewed by the show's producers,
"This growing segment of impressive young minds is carving out a successful niche in the marketplace and we want to speak to them,"
producer David Polanzak tells
2. Should you really do it all?
Small business expert Rieva Lesonsky wonders if entrepreneurs are being penny-wise but pound-foolish when they try to do everything at their business by themselves. Based on survey findings from
, the majority of entrepreneurs handle most tasks in the business alone, Lesonsky says. What's more concerning is that even though business owners
that certain issues like legal,
and accounting should be handled by professionals, just 26% actually use legal or accounting professionals.
Handling all the facets of your business by yourself could put your company at risk, Lesonsky says in a post on the
Score Orange County's
"Don't let your passion for your business blind you to the reality that sometimes, you might need outside help. If you can't afford to hire a full-time employee to deal with issues like accounting, and you're not good at it yourself, at least consider getting some part-time help or meeting with your accountant once a quarter," she says.
3. Here are six top Twitter feeds that small business owners should follow.
Twitter has yet to be proven as a must-have business tool, despite all the hype about the social media site. For small business owners, perhaps the best way to use the site is as a follower rather than a leader, says Elizabeth Blackwell, a contributor to
Top thought leaders and experts in business today are active on Twitter, which could inspire small business owners or offer suggestions on how to improve their businesses.
A few great Twitter feeds to follow include:
, founder and co-chief investment officer of
, author of
Drive: The Surprising Truth about What Motivates Us
A Whole New Mind: Why Right-Brainers Will Rule the Future
, author of
Getting Things Done: The Art of Stress-Free Productivity
, a management professor at Stanford and well-known expert on employee-employer relations
Rosabeth Moss Kanter
, a Harvard Business School professor and author who writes about strategy, innovation and management
Small Business Administration
, which has an "impressively active" Twitter feed, filled with relevant information and resources for business owners
-- Written by Laurie Kulikowski in New York.
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